Consider the timeline when choosing an insurance policy

California business owners have many things to consider when they first open their doors. Are my finances in order? Do I have enough of my product? Are my employees properly trained?

However, one question that might not be asked enough has to do with insurance. The right California business insurance policy could be immensely helpful should anything happen to the company. A recovery process can often last much longer than anticipated, and anything that is not protected would need to be taken care of out-of-pocket.

If an owner thinks that a basic policy is enough for their niche business, he or she should partner with commercial insurance specialists to find out exactly what is available to them. For example, New Jersey companies are still feeling the after effects from Hurricane Sandy—seven months after the storm struck.

Renee Typaldos, owner of the Grenville Inn, in Bay Head, New Jersey, told Fox Business that many customers are reluctant to make reservations because they fear that there is no Jersey Shore. Typaldos explained that her inn is definitely open for business, even though there have been many expensive repairs.

"We have our roof which needs to be repaired, all our electric needed to be rewired, our heating and AC is in the process of being redone, and the elevator had to be replaced," Typaldos said.

Additionally, they were out of electricity for 90 days and she lost her stock of wines, banquet silver, refrigerators, washers and dryers.

The right policy, or set of policies, could greatly help during any type of recovery process. It might not guarantee a shorter time frame, but it could cut down on what an owner needs to pay from his or her own savings account.